Ecostat research group describes weakened currency as
Economic research group Ecostat raised concerns over the recent weakening of the forint, describing it as a "warning sign" that could signal rising inflation.
Survey: 60% of PricewaterhouseCoopers' Hungarian clients plan to invest in Hungary by 2007
About 60% of PricewaterhouseCoopers (PwC) corporate clients in Hungary are planning to invest by 2007, according to a non-representative study presented by Senior Partner for International Tax Structuring Gabriella Erdos at a press conference in Budapest Wednesday.
German auto-industry supplier Schaeffler to invest EUR 76 mln in Hungarian operations
German automotive-industry supplier Schaeffler Group will create 556 jobs at its two Hungarian plants and invest over EUR 76 mln, including substantial state grants, Hungarian Minister of Economy and Transport Janos Koka said Monday.
Hungarian PM Gyurcsany says current forint level realistically reflects state of economy
Hungarian Prime Minister Ferenc Gyurcsany said on Monday that he believes the current exchange rate of the forint realistically reflects the state of the economy.
Hungary's Monetary Council keeps base rate on hold at 6.00%, as expected
The Monetary Council of Hungary's central bank MNB voted on Monday to keep its base rate unchanged at 6.00%, in line with general market expectations, as the inflation outlook remained favorable.
